Western Civilization will collapse by 2032. There is a serious risk that after 2032, this will be very much like the
fall of Rome. Nonetheless, it is my personal hope that if we understand
that risk, we can avert it and move to a new type of wave formation and
learn from the past just once thereby advancing to the next level of
understanding.
https://www.armstrongeconomics.com/armstrongeconomics101/ecm-armstrongeconomics101/explaining-the-fall-of-western-society-as-we-know-it/
I'm not sure where he is getting the date from, but the Mayans had a cycle of 52 years. If you take the Great Depression of 1929 and add 104 years you get to 2033, which is pretty close. It is interesting that my last prediction was also for 2032, when Social Security will exhaust its trust funds, which will cause an anomaly in the system (benefits MUST be paid / benefits CAN'T be paid).
Monday, February 18, 2019
JPM Coin
JP Morgan just created their own digital currency. It differs from other cryptocurrencies because it is redeemable 1:1 to the US dollar, and it can't be converted into other cryptocurrencies. It is meant only for making transfers, not for holding. Wolf Richter reviewed it.
I think this is the next logical step. Probably every major bank will copy this. At some point the Federal Reserve may make its own FedCoin.
Friday, February 15, 2019
Lady
So lady Let me take a look at you now You're there on the dance floor Making me want you somehow Oh lady I think it's only fair I should say to you Don't be thinkin' that I don't want you 'Cause maybe I do
Tuesday, February 12, 2019
22 Trillion
If present trends continue, it will reach $44 trillion on about 2/28/2029.
Why are we celebrating again? Because we have discovered a way to create free money out of thin air, and it never needs to be paid back.
Sunday, February 10, 2019
Student Loan Forgiveness Fiasco
https://www.buzzfeednews.com/article/annehelenpetersen/student-debt-college-public-service-loan-forgiveness
The cost of education shifted from a societal investment — spread across the tax-paying public, in the name of a thriving society and economy — to an individual one. And no matter how astronomically priced that investment became, we continued to rationalize it as a worthwhile one. Even in a culture that idolizes high-profile college dropouts (Bill Gates, Steve Jobs), to refuse higher education in America has become tantamount to refusing to fulfill your potential. And if you refuse to fulfill your potential, any struggle can and will be blamed on you alone.
The cost of education shifted from a societal investment — spread across the tax-paying public, in the name of a thriving society and economy — to an individual one. And no matter how astronomically priced that investment became, we continued to rationalize it as a worthwhile one. Even in a culture that idolizes high-profile college dropouts (Bill Gates, Steve Jobs), to refuse higher education in America has become tantamount to refusing to fulfill your potential. And if you refuse to fulfill your potential, any struggle can and will be blamed on you alone.
Saturday, February 9, 2019
Wednesday, February 6, 2019
Bizarre Antarctica Conspiracy Theory
November 16, 2016. An amazing (but nearly 90% censored) Foreign Intelligence Service (SVR) report circulating in the Kremlin today states that the Antarctica “guardians” swiftly retaliated against the United States this past week by “creating/unleashing” a massive earthquake after the Obama regime sent “without invitation or permission” its Secretary of State John Kerry to initiate contact with them in the “barrier zone” that’s forbidden by all “known protocols” in dealing with these “entities”.
According to this report, the Obama regime, in their knowing that the anti-globalist forces loyal to President-elect Donald Trump were poised for a victory over them, dispatched Secretary of State John Kerry to Antarctica where he arrived on 11 November.
SVR analysts in this report note that Secretary Kerry’s attempt to persuade the “guardians” to interfere in a “temporal matter” was “quickly/immediately” rebuffed by these “entities” who then ordered him to leave the “barrier zone” and not to return.
Upon leaving the Antarctica “barrier zone”, this report continues, Secretary Kerry arrived in Christchurch, New Zealand, on 12 November, where he stayed overnight before his traveling to Wellington the following day.
In the early morning hours (6:02 am local time) of 13 November while Secretary Kerry was sleeping in Christchurch, however, this report notes, this region was struck by a powerful 7.8 magnitude earthquake—and that SVR analysts state was a “predictable consequence” known to be used by these Antarctica “guardians” as a “warning message” not to interfere with their “mission/research”.
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